OCC Proposes Rescinding Diversity, Credit Risk Rules Under DOGE Initiative
Summary
The Office of the Comptroller of the Currency (OCC) issued a proposed rule on April 27, 2026, to rescind or amend three regulations as part of President Trump's Department of Government Efficiency (DOGE) initiative. The changes include removing references to minority- and women-owned entities in community development regulations, eliminating an alternative compliance option for lead arrangers of open market collateralized loan obligations, and deleting nondiscrimination requirements for federal savings associations that the OCC stated are duplicative and lack statutory authority. Public comments on the proposed changes are due by May 27, 2026.
About this source
GovPing monitors ABA Banking Journal Compliance for new banking & finance regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 111 changes logged to date.
What changed
The OCC proposes three regulatory removals: (1) deletion of references to minority- and women-owned entities in the community development corporation and public welfare investment regulations governing national banks; (2) deletion of the alternative compliance option for lead arrangers of open market collateralized loan obligations in the credit risk retention regulation; and (3) deletion of nondiscrimination requirements for federal savings associations. National banks, federal savings associations, and entities involved in community development investments or open market collateralized loan obligations should review these proposed changes during the comment period. The OCC stated the nondiscrimination deletion is justified because those requirements are duplicative of existing legal authorities and lack clear statutory authority.
National banks and federal savings associations should consider submitting comments by May 27, 2026, particularly regarding the impact of removing the credit risk retention alternative for lead arrangers of open market CLOs, which could affect collateralized loan obligation structuring and compliance costs.
Archived snapshot
Apr 28, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
No Result View All Result
- Ag Banking
- Commercial Lending
- Community Banking
- Compliance and Risk
- Cybersecurity
- Economy
- Human Resources
- Insurance
- Legal
- Mortgage
- Mutual Funds
- Payments
- Policy
- Retail and Marketing
- Tax and Accounting
- Technology
- Wealth Management
- Subscribe
- Advertise
- Magazine Archive
- Newsletter Archive
- Podcast Archive
- Sponsored Content Archive
SUBSCRIBE
- Ag Banking
- Commercial Lending
- Community Banking
- Compliance and Risk
- Cybersecurity
- Economy
- Human Resources
- Insurance
- Legal
- Mortgage
- Mutual Funds
- Payments
- Policy
- Retail and Marketing
- Tax and Accounting
- Technology
- Wealth Management
- Subscribe
- Advertise
- Magazine Archive
- Newsletter Archive
- Podcast Archive
- Sponsored Content Archive No Result View All Result No Result View All Result Home Compliance and Risk # OCC seeks comment on proposed DOGE regulatory rollbacks
April 27, 2026 Reading Time: 1 min read The Office of the Comptroller of the Currency is proposing to rescind regulatory language tied to diversity efforts and credit risk retention as part of President Trump’s Department of Government Efficiency initiative.
Trump last year directed federal agencies to trim “unlawful” regulations as part of the DOGE effort started under Elon Musk. The OCC today issued a proposed rule to rescind or amend three regulations. They are:
- The deletion of references to minority- and women-owned entities in the regulation governing community development corporations, public welfare investments and other public welfare investments made by national banks.
- The deletion of the portion of the credit risk retention regulation that provides an alternative compliance option for lead arrangers of open market collateralized loan obligations.
- The deletion of nondiscrimination requirements for federal savings associations, which the OCC said is duplicative of legal authorities that address discrimination and lacks clear statutory authority. Public comments on the proposed changes are due by May 27.
Tags: Credit risk Investment OCC Share Tweet Pin
Related Posts
FDIC issues relief guidance for Hawaiian banks affected by severe weather
Compliance and Risk April 27, 2026 The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Hawaii affected by low-weather systems.
Treasury begins review of CDFIs for alleged violations
Compliance and Risk April 27, 2026 The Treasury Department announced it has begun a review of certified community development financial institutions to identify potential legal violations or violations of CDFI requirements.
ABA supports proposal to remove reputation risk from Fed supervision
Compliance and Risk April 27, 2026 A recent proposal by the Federal Reserve to remove reputation risk from its bank supervision will enhance objectivity and allow the central bank to focus resources on material risks to the financial condition of a firm, ABA said.
Senate Banking Committee schedules Wednesday vote on Warsh nomination
Economy April 27, 2026 The Senate Banking Committee is scheduled to vote on Wednesday to advance the nomination of Kevin Warsh to be Federal Reserve chairman, with a key Republican committee member having dropped his opposition to the vote.
OCC issues two interim final actions related to IFPA preemption
Legal April 26, 2026 The OCC’s interim final order confirms that federal law preempts the IFPA, expressly providing that national banks and federal savings associations are neither subject to nor required to comply with this state law.
Treasury hosts community bank leaders for financial literacy roundtable
Community Banking April 24, 2026 The event provided the Treasury secretary and agency leaders the opportunity to hear firsthand about successful financial literacy efforts. The discussion will help inform Treasury’s ongoing work to update the National Strategy on Financial Literacy. Participants also highlighted...
NEWSBYTES
FDIC issues relief guidance for Hawaiian banks affected by severe weather
OCC seeks comment on proposed DOGE regulatory rollbacks
Treasury begins review of CDFIs for alleged violations
SPONSORED CONTENT
Why Your Systems Keep Slowing Down — and What to Do About It
How leading banks are enhancing customer engagement through financial data insights
Check Fraud Is Outpacing Legacy Controls. What Banks Should Evaluate Now.
How top agricultural lenders are approaching AI, automation and innovation in 2026
PODCASTS
Podcast: ABA’s ecosystem strategy to tackle fraud
Podcast: Capitalizing on opportunities to serve high-net-worth clients
Podcast: Are credit union commercial loans risky business?
March 30, 2026
American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA
ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe
© 2026 American Bankers Association. All rights reserved.
No Result View All Result
- Ag Banking
- Commercial Lending
- Community Banking
- Compliance and Risk
- Cybersecurity
- Economy
- Human Resources
- Insurance
- Legal
- Mortgage
- Mutual Funds
- Payments
- Policy
- Retail and Marketing
- Tax and Accounting
- Technology
- Wealth Management
- Subscribe
- Advertise
- Magazine Archive
- Newsletter Archive
- Podcast Archive
- Sponsored Content Archive © 2026 American Bankers Association. All rights reserved.
Mentioned entities
Related changes
Get daily alerts for ABA Banking Journal Compliance
Daily digest delivered to your inbox.
Free. Unsubscribe anytime.
Source
About this page
Every important government, regulator, and court update from around the world. One place. Real-time. Free. Our mission
Source document text, dates, docket IDs, and authority are extracted directly from ABA.
The summary, classification, recommended actions, deadlines, and penalty information are AI-generated from the original text and may contain errors. Always verify against the source document.
Classification
Who this affects
Taxonomy
Browse Categories
Get alerts for this source
We'll email you when ABA Banking Journal Compliance publishes new changes.
Subscribed!
Optional. Filters your digest to exactly the updates that matter to you.